BOWLER METCALF LIMITED – BCF : Audited Group Financial Results for the year ended 30 June 2019 and Dividend Declaration

2019/09/12 08:36:22
SENS announcement for JSE listed company: BCF

BCF : Audited Group Financial Results for the year ended 30 June 2019 and Dividend Declaration:
Audited Group Financial Results for the year ended 30 June 2019 and Dividend Declaration

Bowler Metcalf Limited
REG NO : 197 2/005921106 ALPHA CODE : BCF ISIN CODE : ZAE000030797

for the year ended 30 June 2019
2019 Change 2018

Net asset value * R’mil 679.1 -11 766.1

Earnings – R’mil
Continuing operations
Revenue 542.1 -6 577.3
Profit from operations 63.6 -34 95.8
Net profit before tax 100.0 -8 109.1
Net profit after tax 71.9 -8 78.3

Discontinued operations

Share of profit of associate -100 22.7

– share of post-tax profit before
impairments -100 13.3
– net finance income from
associate -100 9.4

Reversal of impairment of
investment in associate 57.7
Profit on disposal of associate 180.1 +100
Net profit before tax 180.1 +324 80.4
Net profit after tax 140.0 +326 61.9

Attributable to parent – total
Net profit before tax 280.1 +48 189.3
Total comprehensive income 211.9 +251 140.3

Earnings * cents per share
Continuing operations
Earnings 88.09 -8 95.50
Headline earnings 88.10 -8 95.36

Discontinued operations
Earnings 171.32 75.58
Headline earnings 20.98

Attributable to parent – total
Earnings 259.41 +252 171.08
Headline earnings 88.10 – 24 116.34

Dividends – cents per share
Final previous year paid 21.54 -5 22.70
Special dividend paid 305.00 100
Interim this year paid 15.00 – 27 20.48
Final this year proposed 25.00 + 16 21.54

A final gross cash dividend, as defined by the Income Tax Act, of 25.00 cents
per share (‘cps’) for the year ended 30 June 2019 (2018: 21.54 cps) has been
declared and is payable to shareholders on Monday, 4 November 2019. The last
day to trade will be Tuesday, 29 October 2019, the ex date is Wednesday, 30
October 2019 and the record date will be Friday, 1 November 2019. Share
certificates may not be dematerialised or re-materialised between Wednesday,
30 October 2019 and Friday, 1 November 2019, both days inclusive.

The short-form announcement is the responsibility of the directors and is only a
summary of the information in the full announcement and does not contain full or
complete details. The full announcement can be found on the Company’s
website at and also at the following link:

Copies of the full announcement may also be requested at the Company’s
registered office and at the offices of the sponsor, at no charge, during office
hours. Any investment decision should be based on the full announcement
released on SENS on 12 September 2019 and published on the company’s
website at as a whole, copies of which may be
requested at the company’s registered office, and the offices of the sponsors,
Arbor Capital, at no charge, by phoning the company during office hours on
+27 21 704 2223.

Prepared by: AC September CA(SA) 12 September 2019

Date: 12/09/2019 07:05:00
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